GuruFocus - On June 24, 2024, Director Daniel Durn of Marvell Technology Inc (NASDAQ:MRVL) purchased 1,425 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 1,923 shares of Marvell Technology Inc.
Marvell Technology Inc, a prominent player in the semiconductor industry, designs and produces integrated circuits primarily for data storage, networking, and communications markets.
The transaction occurred with the shares priced at $70.21, valuing the purchase at approximately $100,049.25. This acquisition has increased the insider's stake in the company significantly.
Over the past year, the insider transaction history at Marvell Technology Inc shows a trend with 1 insider buy and 38 insider sells. This recent purchase by Director Daniel Durn marks a notable addition to his holdings in the company.
As of the date of the purchase, Marvell Technology Inc has a market cap of approximately $58.66 billion. The stock's valuation metrics, including the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are significant for investors tracking stock performance.
The stock is currently assessed as Modestly Overvalued with a price-to-GF Value ratio of 1.2, based on a GF Value of $58.36. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business performance estimates.
This insider buy might attract investors' attention who track insider behaviors as an indicator of confidence in the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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